CEO
The presentation will also be webcast live on the following link:
https://channel.royalcast.com/landingpage/hegnarmedia/20240227_2/
The presentation will be followed by a live Q&A-session. Investors, analysts and journalists are welcome to participate at
4th quarter:
Revenue of
NOK 1,800 million (NOK 1,954 million ), -8% growth and -9% organic growthStable operating profit margin of 1.4%. Operating profit (EBIT adj.) of
NOK 24 million (NOK 28 million )Order backlog increased from
NOK 6,613 million toNOK 6,940 million with a book-to-bill ratio of 1.1x in the quarterSolid financial performance in
Norway , successful ongoing transformation inSweden , while profitability inFinland has decreasedOperating cash flow of
NOK 306 million (NOK 160 million ) due to reduced working capital. Net interest-bearing debt decreased byNOK 231 million toNOK 761 million .Completed a debt refinancing process including issuing a new 4-year senior unsecured green
NOK 400 million bond maturing in 2027. Bank debt refinanced with longer maturity.Tender pipeline remains strong across all segments
Full year:
Revenue of
NOK 6,732 million (NOK 7,030 million )Operating profit (EBIT adj.) of
NOK 121 million (NOK 137 million ), corresponding to a margin of 1.8% (2.0%)Operating cash flow of
NOK 376 million (NOK 235 million ) and net interest-bearing debt atNOK 761 million (NOK 950 million at year-end 2022)Successful completion of the sale of the Gravco business unit in Q1
Civil business in Karlstad (
Sweden ) was discontinued as part of the turnaround plan - process completed in Q3Refinancing process of bond loan, term loan and multicurrency credit facility was completed in Q4
The result report and result presentation can be found attached and will be available on the company's homepage: www.nrcgroup.com
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
This
https://news.cision.com/nrc-group/r/nrc-group-asa---q4-and-full-year-2023-results,c3936083
https://mb.cision.com/Public/15911/3936083/9dc62941a4a21c40.pdf
https://mb.cision.com/Public/15911/3936083/8cef8e927d83da19.pdf
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